Lessons Learned and Lessons to Be Learned: Investment Law & Development for Developed Countries

Abstract

Law & Development is a movement originally based on the idea that Law is a process by which rules governing social life are consciously formulated and consistently applied, in a way that society is effectively governed by universal and purposive rules.[1] The State is seen has the primary agent of change and social control, which will use law as an instrument with the purpose to transform society and yet will itself be constrained by that law.[2] [1] David M. Trubek, Toward a Social Theory of Law, 82 Yale Law Journal 1, 9 (1972). [2] David M. Trubek and Mark Galanter, Scholars in Self-Estrangement: Some Reflections on the Crisis in Law and Development Studies in the United States, Wisconsin Law Review 1062, 1079 (1974).